Hormel Foods zveřejní výsledky za 3. čtvrtletí před otevřením trhu; analytici čekají zisk 35 centů na akcii a tržby 3,04 miliardy USD. Společnost zároveň jmenovala Ash Bhumbla finančním ředitelem.
Hormel Foods Corporation (NYSE:HRL) will release its third quarter earnings report before the opening bell on Thursday, Aug. 27.
Analysts expect the Austin, Minnesota-based company to report quarterly earnings of 35 cents per share, versus 35 cents per share in the year-ago period. The consensus estimate for HRL’s quarterly revenue is $3.04 billion. It reported $3.03 billion last year, according to Benzinga Pro.
On Aug. 24, Hormel Foods announced the appointment of Ash Bhumbla as chief financial officer.
Shares of Hormel Foods fell 0.3% to close at $23.71 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
JP Morgan analyst Thomas Palmer maintained a Neutral rating and increased the price target from $25 to $26 on Aug. 14, 2026. This analyst has an accuracy rate of 51%. Stephens & Co. analyst Pooran Sharma maintained an Equal-Weight rating with a price target of $25 on July 9, 2026. This analyst has an accuracy rate of 75%. B of A Securities analyst Peter Galbo maintained a Neutral rating and raised the price target from $25 to $27 on June 30, 2026. This analyst has an accuracy rate of 54%. Barclays analyst Benjamin Theurer maintained an Overweight rating and cut the price target from $31 to $30 on Dec. 9, 2025. This analyst has an accuracy rate of 57%. Piper Sandler analyst Michael Lavery maintained a Neutral rating and raised the price target from $25 to $26 on Dec. 5, 2025. This analyst has an accuracy rate of 63%. Trending
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Hormel Foods vykázala ve 3. čtvrtletí tržby 2,96 miliardy USD, ale zisk na akcii (EPS) 0,11 USD zaostal za odhadem 0,35 USD. Firma zároveň zvýšila a zúžila výhled upraveného zisku pro fiskální rok 2026.
Hormel Foods Corp HRL released its 8-K filing detailing its third quarter fiscal 2026 results on August 27, 2026. The results demonstrate a company navigating a mixed environment of financial growth yet facing challenges that could impact long-term success.
Founded in Austin, Minnesota, Hormel Foods Corp has evolved from a meat-focused enterprise to a diversified global branded food company with annual revenues exceeding $12 billion. It operates through various channels such as U.S. retail (61.6% of fiscal 2025 sales), U.S. foodservice (32.6%), and international markets (5.9%). The company's diverse product portfolio includes renowned brands like Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy, many of which hold leading market shares in their categories.
Performance Overview and ChallengesHormel Foods Corp reported third quarter net sales of $2.96 billion, marking a 2% organic net sales decline compared to the same period last year. Despite this, the operating income stood at $111 million, with an adjusted operating income of $266 million. The diluted earnings per share (EPS) during the quarter was $0.11, which fell below the expected $0.35 from analysts. However, the adjusted diluted EPS was reported at $0.37, surpassing expectations.
This performance is crucial, as sustained revenue growth is essential for maintaining competitive positioning in the consumer packaged goods industry. The noted decline in organic sales highlights ongoing consumer pressure and portfolio adjustments that could lead to potential risks if not addressed effectively. Jeff Ettinger, interim CEO, stated, "With our strong year-to-date performance and continued opportunities ahead, we are raising and narrowing our adjusted earnings outlook for fiscal 2026."
Financial Achievements and Key MetricsKey financial metrics for Hormel Foods Corp reveal a mixed yet promising outlook. The company's operating margin dropped to 3.7%, while the adjusted operating margin improved to 9.0%. A robust cash flow from operations of $241 million, a 54% increase year-over-year, showcases the company's financial strength. Notably, Hormel's commitment to returning value to shareholders is reflected in its dividend payout of $161 million during the quarter.
Below is a summary of key figures from the income statement and balance sheet:
MetricQ3 FY2026Q3 FY2025Net Sales$2.96 billion$3.03 billionOperating Income$111 million$239.7 millionAdjusted Operating Income$266 million$282.2 millionNet Earnings$59.5 million$183.7 millionCash Flow from Operations$241 million$156 millionCash on Hand$840 million$671 million
GuruFocus Valuation CheckHormel Foods Corp currently holds a GF Score of 69/100, suggesting it is above average in terms of fundamentals. The GF Value is set at $31.21, while the current market price stands at $23.71, indicating that the stock is undervalued by 24.0%. With a Financial Strength rating of 7/10 and a Profitability Rank of 8/10, Hormel appears to maintain a sound financial foundation. However, a Growth Rank of 3/10 and a Predictability rating of 1 star highlight areas of concern for potential investors.
Insider activity shows $0.8 million in sales over the past year, which could be perceived as cautious behavior, given that no noteworthy purchases have been made. This suggests potential wariness regarding future performance. Overall, the stock may be considered undervalued at the current price point, but investors should weigh this against the noted challenges in organic sales growth.
For a deeper dive, visit the Hormel Foods Corp stock page on GuruFocus.
Explore the complete 8-K earnings release (here) from Hormel Foods Corp for further details.
GuruFocus context: GuruFocus’ GF Value™ estimates fair value near $31.21 (24.0% undervalued); its GF Score™ is 69/100; 6 gurus currently hold the stock, with 3 adding and 5 trimming positions in recent quarters — guru 13F data Simply Wall St and Morningstar don’t have. See the full Hormel Foods Corp HRL research.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Hormel Foods snížila celoroční výhled tržeb na 12,1 až 12,2 miliardy USD kvůli slabé poptávce v maloobchodě a po snackových ořeších privátních značek. Čtvrtletní tržby klesly o 2,4 % na 2,96 miliardy USD.
Hormel Foods (HRL.N) cut its annual sales forecast on Thursday, weighed down by declines in the retail segment and weak demand for private-label snack nuts amid a pressured consumer environment.
Consumer demand across the packaged-food industry has remained subdued, with broader inflationary pressure and higher living costs squeezing consumer wallets.
Shares of the Minnesota-based firm were down 1% in premarket trading.
"The results reflected the impacts of portfolio-shaping actions, lower commodity-based pricing in portions of the business and a consumer environment that remains under pressure," CEO-elect John Ghingo said.
Earlier this week, Hormel appointed former Tyson Foods (TSN.N) executive Ash Bhumbla as CFO, effective in September, following the appointment of company veteran Ghingo as chief executive officer last month.
Its retail segment, Hormel's biggest revenue generator, reported a 4% decline in sales, while volumes fell 9%.
The maker of Skippy peanut butter forecast fiscal 2026 net sales of $12.1 billion to $12.2 billion, compared with its prior forecast of $12.2 billion to $12.5 billion, and narrowed its range for organic sales growth expectation to 1% to 2%, from 1% to 4% previously.
The company's third-quarter revenue fell 2.4% to $2.96 billion, missing analysts' estimate of $3.04 billion, hurt by weaker demand in its retail and international businesses.
During the quarter, Hormel completed the divestiture of its Brazilian business under the CERATTI brand as part of efforts to streamline its portfolio and focus on higher-growth markets.
Hormel raised its full-year adjusted earnings per share forecast to between $1.45 and $1.51, from $1.43 to $1.51.
The company's quarterly adjusted net income per share was 37 cents, compared with expectations of 35 cents, according to data compiled by LSEG.
Analytici u Hormel Foods drží konsenzus „Hold“ a průměrná 1letá cílová cena je 26,1429 USD. Firma zároveň ve 3. čtvrtletí překonala odhad EPS o 0,37 USD, ale tržby klesly o 2,4 % na 2,96 miliardy USD.
Hormel Foods Corporation (NYSE:HRL – Get Free Report) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.1429.
Several equities research analysts have issued reports on HRL shares. Stephens set a $23.00 price objective on shares of Hormel Foods in a research report on Friday. Bank of America upped their target price on Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group set a $25.00 target price on Hormel Foods in a research note on Thursday, May 21st. Weiss Ratings raised Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, BNP Paribas Exane reduced their price target on Hormel Foods from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday.
View Our Latest Stock Report on HRL
Hormel Foods News Roundup Here are the key news stories impacting Hormel Foods this week: Positive Sentiment: Hormel reported adjusted third-quarter EPS of $0.37, ahead of analyst estimates of approximately $0.35–$0.36 and up from $0.35 a year earlier. Margin expansion and cost management helped offset weaker volumes. Hormel Foods Q3 Earnings Beat on Margin Expansion, Sales Miss Positive Sentiment: Management raised and narrowed its fiscal 2026 adjusted EPS outlook to $1.45–$1.51, compared with prior guidance of $1.40–$1.50. Operating cash flow also increased 54% to $240.6 million. Hormel Foods Reports Third Quarter Fiscal 2026 Results Neutral Sentiment: BNP Paribas Exane lowered its HRL price target from $27 to $26 and assigned a neutral rating. The revised target still implies meaningful potential upside from recent levels, but the rating signals limited confidence in near-term growth. BNP Paribas Exane Hormel Foods Price Target Update Neutral Sentiment: Some analysts view Hormel’s elevated dividend yield—reported at roughly 5.5% after the sell-off—and valuation as attractive for long-term income investors, though earnings-based valuation remains a concern. Hormel Foods: A Protein Powerhouse With a Secure Yield Negative Sentiment: Third-quarter revenue fell 2.4% year over year to $2.96 billion, missing the roughly $3.03 billion consensus estimate. Retail sales declined 4%, international sales dropped 5%, and management cited pressured consumers, lower commodity prices and weak private-label snack-nut demand. Hormel Foods Cuts Annual Sales Forecast Negative Sentiment: Hormel reduced fiscal 2026 revenue guidance to $12.1–$12.2 billion from $12.2–$12.5 billion, reinforcing concerns that sluggish demand and falling sales will limit growth despite improved margins and EPS. Why Hormel Foods Stock Swooned Hormel Foods Stock Down 0.2% NYSE:HRL opened at $21.53 on Friday. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 2.49 and a beta of 0.34. Hormel Foods has a twelve month low of $19.70 and a twelve month high of $26.60. The stock’s 50 day moving average price is $24.76 and its two-hundred day moving average price is $23.37. The company has a quick ratio of 0.92, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.
Hormel Foods (NYSE:HRL – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.03 billion. Hormel Foods had a net margin of 2.82% and a return on equity of 9.91%. Hormel Foods’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. Equities research analysts expect that Hormel Foods will post 1.49 earnings per share for the current fiscal year.
Insider Transactions at Hormel Foods In related news, Director Gary C. Bhojwani sold 20,200 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total value of $495,102.00. Following the transaction, the director owned 32,002 shares in the company, valued at approximately $784,369.02. This trade represents a 38.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.58% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows Institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LP lifted its stake in Hormel Foods by 7.8% in the 2nd quarter. Corient Private Wealth LP now owns 58,967 shares of the company’s stock valued at $1,464,000 after purchasing an additional 4,257 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Hormel Foods by 8.0% during the 2nd quarter. HighTower Advisors LLC now owns 132,688 shares of the company’s stock valued at $3,293,000 after acquiring an additional 9,851 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Hormel Foods during the 2nd quarter valued at $482,000. California State Teachers Retirement System grew its position in Hormel Foods by 2,186.0% during the 2nd quarter. California State Teachers Retirement System now owns 8,259,202 shares of the company’s stock worth $204,993,000 after acquiring an additional 7,897,912 shares during the last quarter. Finally, HB Wealth Management LLC grew its position in Hormel Foods by 32.0% during the 2nd quarter. HB Wealth Management LLC now owns 20,646 shares of the company’s stock worth $512,000 after acquiring an additional 5,011 shares during the last quarter. Institutional investors own 40.99% of the company’s stock.
About Hormel Foods (Get Free Report)
Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.
Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.
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, /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Paul Kuehneman, interim chief financial officer and controller, to discuss the Company's third quarter financial results. The Company will issue its earnings release before the markets open on Thursday, Aug. 27, 2026, and will host a conference call at 8 a.m. CT (9 a.m. ET).
The live webcast, replay, and other information related to the fiscal 2026 third quarter earnings conference call will be available on the Hormel Foods investor website, investor.hormelfoods.com.
About Hormel Foods
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.
Hormel Foods dokončila prodej brazilských aktivit pod značkou CERATTI společnosti Zanchetta Alimentos LTDA. Firma očekává ve fiskálním roce 2026 jen minimální dopad na upravené výsledky.
, /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the successful completion of the sale of its Brazilian operations, operated under the CERATTI® brand, to Zanchetta Alimentos LTDA, a Brazilian food company with an established presence in the market.
The transaction follows the definitive agreement announced on June 29, 2026, and reflects Hormel Foods' ongoing efforts to simplify and streamline its portfolio while focusing its international strategy on markets with the strongest long-term growth opportunities.
Financial terms of the transaction were not disclosed. As previously communicated, Hormel Foods expects the sale to have a minimal impact on its adjusted fiscal 2026 financial results. Additional information will be shared during the company's third-quarter fiscal 2026 earnings call.
About Hormel Foods
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which are based on the current assumptions and expectations of Hormel Foods Corporation ("Hormel"). These statements are typically accompanied by the words "expect," "will," "would," or similar words or expressions. The principal forward-looking statements in this news release include statements regarding Hormel's sale of its Ceratti business in Brazil, international growth opportunities, and the expected impact of the transaction on Hormel's fiscal 2026 financial results.
All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although Hormel believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors which could cause Hormel's actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks related to acquisitions, joint ventures, equity investments, and divestitures; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that Hormel may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize initiative and Hormel's recent corporate restructuring plan; risk of unfavorable changes in Hormel's relationships with third parties; risk of Hormel's inability to protect information technology (IT) systems against, or effectively respond to, cyber-attacks, security breaches or other IT interruptions; labor relations and labor availability risks; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for Hormel's products; risks related to Hormel's ability to respond to changing consumer preferences; damage to Hormel's reputation or brand image; risks of litigation; risks associated with government regulation; risks related to trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of Hormel's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at www.hormelfoods.com in the "Investors" section. Though Hormel has attempted to list comprehensively these important cautionary risk factors, Hormel cautions that other factors may in the future prove to be important in affecting Hormel's business or results of operations. Forward-looking statements speak only as of the date they are made, and Hormel does not undertake any obligation to update any forward-looking statement except as otherwise required by law.
The company logo for Hormel Foods is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 9, 2019. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
CompaniesJuly 28 (Reuters) - Hormel Foods (HRL.N), opens new tab on Tuesday named insider and industry veteran John Ghingo as CEO, as the Skippy peanut-butter maker looks to drive growth and modernize operations amid a challenging consumer spending environment.
Ghingo, 53, has more than 25 years of leadership experience across the consumer packaged goods industry, and would succeed interim executive Jeffrey Ettinger, who returned last year after former CEO and president James Snee retired.
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Here are some details:
Ghingo, who will take over the role from October 26, has served as Hormel's president and board member since July 2025 and previously led the company's retail business, its largest segment by sales.
As president, Ghingo also oversees the company's food service and international business segments, along with supply chain and global operations among others.
Ghingo has held leadership roles at various consumer packaged goods companies including at Applegate Farms, a subsidiary of Hormel Foods, Mondelez International and WhiteWave Foods.
Ettinger, who served as CEO of Hormel Foods from 2005 to 2016, will continue to serve on the company's board.
Hormel Foods beat second-quarter results estimates in May and said demand for food has remained resilient, mainly with growth in protein, where its portfolio is "well positioned" despite weak consumer sentiment.
Reporting by Shania S Thomas and Anuja Bharat Mistry in Bengaluru; Editing by Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Hormel Foods se dohodl na prodeji svého brazilského byznysu CERATTI společnosti Zanchetta Alimentos LTDA. Transakce má být uzavřena v příštích týdnech a očekává se jen minimální dopad na upravené zisky za fiskální rok 2026.
, /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to sell its Brazilian operations, operated under the CERATTI® brand to Zanchetta Alimentos LTDA, a Brazilian food company with an established presence in the market.
The divestiture reflects Hormel Foods ongoing efforts to simplify and streamline its portfolio and focus its international strategy on markets with the strongest long-term growth opportunities.
The transaction is expected to close in the coming weeks, subject to customary closing conditions, including required regulatory approval. In the interim, operations will continue as usual for employees, customers and partners.
Financial details of the transaction have not been disclosed. Hormel Foods expects the sale to have a minimal impact on its adjusted fiscal 2026 financial results. The company expects to share additional information during its earnings call for the third quarter of fiscal 2026.
About Hormel Foods
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which are based on the current assumptions and expectations of Hormel Foods Corporation ("Hormel"). These statements are typically accompanied by the words "expect," "will," "would," or similar words or expressions. The principal forward-looking statements in this news release include statements regarding Hormel's anticipated sale of its Ceratti business in Brazil, international growth opportunities, and the expected impact of the transaction on Hormel's fiscal 2026 financial results.
All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although Hormel believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors which could cause Hormel's actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks related to acquisitions, joint ventures, equity investments, and divestitures; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that Hormel may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize initiative and Hormel's recent corporate restructuring plan; risk of unfavorable changes in Hormel's relationships with third parties; risk of Hormel's inability to protect information technology (IT) systems against, or effectively respond to, cyber-attacks, security breaches or other IT interruptions; labor relations and labor availability risks; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for Hormel's products; risks related to Hormel's ability to respond to changing consumer preferences; damage to Hormel's reputation or brand image; risks of litigation; risks associated with government regulation; risks related to trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of Hormel's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at www.hormelfoods.com in the "Investors" section. Though Hormel has attempted to list comprehensively these important cautionary risk factors, Hormel cautions that other factors may in the future prove to be important in affecting Hormel's business or results of operations. Forward-looking statements speak only as of the date they are made, and Hormel does not undertake any obligation to update any forward-looking statement except as otherwise required by law.
Contact:
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Hormel Foods
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